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AltaGas Ltd is currently in a long term uptrend where the price is trading 28.0% above its 200 day moving average.
From a valuation standpoint, the stock is 61.5% cheaper than other stocks from the Utilities sector with a price to sales ratio of 1.1.
AltaGas Ltd's total revenue rose by 10.1% to $2B since the same quarter in the previous year.
Its net income has increased by 172.3% to $65M since the same quarter in the previous year.
Finally, its free cash flow grew by 31.3% to $-225M since the same quarter in the previous year.
Based on the above factors, AltaGas Ltd gets an overall score of 5/5.
Exchange | TO |
---|---|
CurrencyCode | CAD |
Sector | Energy |
Industry | Oil & Gas Midstream |
ISIN | CA0213611001 |
Beta | 0.81 |
---|---|
Market Cap | 12B |
PE Ratio | 20.48 |
Target Price | 39.6 |
Dividend Yield | 3.2% |
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering, processing, and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatt of power in California. It serves residential, commercial, and industrial customers. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.
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